ORG Wealth Partners LLC Has $1.11 Million Stock Position in Venture Global, Inc. $VG

Key Points

• ORG Wealth Partners LLC significantly increased its stake in Venture Global, Inc. by 1,139.4% in Q2, bringing its total holdings to 74,364 shares worth approximately $1.11 million.
• Insider Thomas Earl sold 840,076 shares of Venture Global stock for approximately $11.54 million on September 11th, contributing to a total of 1.5 million shares sold by insiders in the last 90 days, representing 86.73% insider ownership.
• Venture Global announced an increase in its dividend to $0.017 per share with a yield of 50.0%, set to be paid on September 30th, which reflects positive changes from its previous dividend.

ORG Wealth Partners LLC raised its position in Venture Global, Inc. (NYSE:VG - Free Report) by 1,139.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,364 shares of the company's stock after acquiring an additional 68,364 shares during the period. ORG Wealth Partners LLC's holdings in Venture Global were worth $1,110,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in Venture Global in the 1st quarter valued at approximately $1,316,000. Burkehill Global Management LP bought a new stake in shares of Venture Global in the 1st quarter valued at approximately $10,300,000. Forefront Wealth Management Inc. bought a new stake in shares of Venture Global in the 1st quarter valued at approximately $938,000. Benjamin Edwards Inc. bought a new stake in shares of Venture Global in the 1st quarter valued at approximately $206,000. Finally, KG&L Capital Management LLC bought a new stake in shares of Venture Global in the 1st quarter valued at approximately $359,000.

Insider Transactions at Venture Global

In other Venture Global news, insider Thomas Earl sold 840,076 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $13.74, for a total transaction of $11,542,644.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 1,500,000 shares of company stock worth $20,561,011. 86.73% of the stock is currently owned by corporate insiders.

Venture Global Price Performance

NYSE VG opened at $14.81 on Friday. Venture Global, Inc. has a one year low of $6.75 and a one year high of $25.50. The stock's 50 day simple moving average is $13.75 and its 200 day simple moving average is $12.67. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39.

Venture Global Increases Dividend

The company also recently disclosed a half year 25 dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.017 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a yield of 50.0%. This is a positive change from Venture Global's previous half year 25 dividend of $0.02.

Analysts Set New Price Targets

Several research firms have recently weighed in on VG. Johnson Rice began coverage on Venture Global in a research note on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price objective on the stock. Wells Fargo & Company upped their price objective on Venture Global from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. UBS Group upgraded Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price objective on the stock in a research note on Monday, August 25th. Bank of America increased their price target on Venture Global from $12.00 to $18.50 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Scotiabank increased their price target on Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $17.00.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.

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